So there you have it. Anything materials related is being liquidated in order to satisfy Dr. Bernankes “inflation is transitory” analysis and the money is being funnelled into the highest Beta that can be found. Even with all this noise and fury, NYSE volume is less than 500m shares at 1:30pm.
Remember how last week you were told to stay away from anything related to technology? Well, guess where the money is going? To all manner of tech, that’s where! Beaten down semis, PC’s, disk drives, memory, and anything classified as heavily shorted or Momentum-oriented.
This rotation will be seized upon by the media and you will be told how fabulous technology is doing, both technically and fundamentally. But by then, the advance will be 75% finished and the public will buy at the top of the range, again.
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Bleier,
You’re cool in my book. You always sound livid!
So what your saying there’s 25% to go…I’m all in thanks Scott
its getting tiring anymore. run to this,get fooled out of that,then secretly do this,to fool them on that. this is no market,it’s a circus free for all anymore. no wonder bill gross took every dime off the table,he didnt get where he is today for being stupid. wait till real price discovery comes about. who will they force their hand on to hold the bag when that shit hits the fan !
Truly insane today. Hamster on a Wheel or Bunji jumping!